Ethereum (ETHUSD) backs away from earlier high

Just like its big Brother Bitcoin, Ethereum has backed away from an earlier high today. Of course that is not surprising as the two biggest cryptocurrencies are linked at the hip. The high seen earlier on Ether today was set at 1375.29. The subsequent drop took it back below 1300 a short while ago, falling to as low as 1288.54 so far. The range set yesterday was 1220 to 1359, so slightly compressed compared to some of the more recent $200 or more daily ranges. The range so far today is inside $100, but do not expect that to hold before the weekend. The price action is still extremely fluid and illiquid at times. Once again hesitation is not a good idea and dexterity is everything if you are involved. ETHUSD is currently trading at 1302.75